Проталкивая CRO: Партнерство Trump Media и Crypto.com приводит к росту токена на 25% Translation: Pushing CRO: Trump Media and Crypto.com Partnership Drives Token Surge by 25%

The price of the CRO token, associated with the Cronos blockchain project from Crypto.com, surged by 25% following the announcement of a significant partnership with Trump Media & Technology Group (TMTG).

The SPAC firm Yorkville Acquisition Corp, along with TMTG and Crypto.com, has finalized a deal to merge their businesses. The parties will establish Trump Media Group CRO Strategy, Inc., a digital asset management company focused on acquiring CRO tokens.

Yorkville Acquisition Corp. plans to file for an initial public offering of its Class A common stock on the Nasdaq under the ticker symbol MCGA.

The treasury of the new entity will include:

«The Trump Media Group CRO Strategy aims to use the raised funds to build a reserve of digital assets in CRO,» the press release states.

Additionally, TMTG will integrate support for the Cronos token into its social network, Truth Social, and its streaming platform, Truth+. Crypto.com will provide the necessary infrastructure for cryptocurrency wallets.

In March, Trump Media and the cryptocurrency exchange had already signed a non-binding agreement. The goal of this collaboration was to launch a series of exchange-traded funds under the Truth.Fi brand. At that time, CRO also experienced a 30% increase.

In parallel, Axios reported on the investments made by the venture capital fund 1789 Capital, of which Donald Trump Jr. is a partner, in the prediction platform Polymarket.

According to journalists, the fund invested a «double-digit millions» sum. Earlier, the Founders Fund had valued the project at over $1 billion.

As part of the deal, Trump Jr. will join the advisory board of Polymarket.

1789 Capital began discussions with Polymarket approximately 18 months ago but was waiting for a clear legal pathway to enter the U.S. market.

The organization views Polymarket as a potential candidate for an initial public offering (IPO). Its portfolio also includes SpaceX and Anduril.

It is worth noting that in May, TMTG raised approximately $1.5 billion through equity and secured convertible bonds totaling $1 billion, with plans to use the proceeds for Bitcoin purchases.